Archives: Flagged Brokers

Zuperior does not claim to be licensed by any regulator; it only claims to be registered in Saint Lucia. While we can confirm that there is a company with the same name in the Saint Lucia International Financial Centre (IFC) registry, this registration only grants it International Business Company (IBC) status. This does not constitute a valid financial licence. The IFC neither regulates nor licences forex trading activities. Being unregulated is a major red flag for a fraudulent operation. Therefore, Zuperior appears to be a scam.

Alvexo.io provides no regulatory disclosures and fails to list basic corporate information, such as its legal entity name, registered address, or jurisdiction of incorporation. This lack of transparency makes it impossible to verify whether the platform holds any valid license or operates under legitimate oversight. Platforms with these characteristics are often unregulated or fraudulent, posing significant risks to investor funds. Therefore, Alvexo.io appears to be a scam.

Burjex Prime does not claim to be licensed by any regulator; it only claims to be registered in Saint Lucia. While we can confirm that there is a company with the same name in the Saint Lucia International Financial Centre (IFC) registry, this registration only grants it International Business Company (IBC) status. This does not constitute a valid financial licence. The IFC neither regulates nor licences forex trading activities. Being unregulated is a major red flag for a fraudulent operation. Therefore, Burjex Prime appears to be a scam.

Sogo Invest claims to be authorized by the Financial Conduct Authority (FCA). However, our search of the official FCA licensee register found no record of it or the stated licence. This discrepancy strongly suggests that the firm’s regulatory claims are inaccurate or deliberately misleading. Besides, Sogo Invest does not provide any other licensing information. Until verifiable evidence of legitimate authorization is provided, we assess Sogo Invest as a likely unlicensed or fraudulent broker and advise extreme caution.

Auralyex’s website provides no regulatory disclosures, only claims that it was registered in United Kingdom. We searched the official register of the FCA using all available details, but found no record of Auralyex or any associated company. This absence of basic corporate and regulatory information strongly suggests that Auralyex operates without authorization. Therefore, Auralyex appears to be a scam.

StartBine Broker’s website provides no regulatory disclosures, only claims that it was registered in Saint Kitts and Nevis. We searched the official register of the Financial Services Regulatory Commission (FSRC) in Saint Kitts and Nevis using all available details, but found no record of Sun Wave LLC or any associated company. This absence of basic corporate and regulatory information strongly suggests that StartBine Broker operates without authorization. Therefore, StartBine Broker appears to be a scam.

KGP Markets claims to be a brand of KGP MARKETS (PTY) LTD, which is stated to act as a Juristic Representative of L7 Prime (PTY) LTD, a company licensed by the Financial Sector Conduct Authority (FSCA) in South Africa. While we were able to locate the alleged parent company within the FSCA registry, its registered information is notably sparse. The record lacks an email address or an official website. Due to this lack of transparency, we are unable to confirm from the available data whether KGP MARKETS (PTY) LTD is genuinely its subsidiary, nor can we definitively verify that the KGP Markets platform is an authorized brand under this licensed entity. Furthermore, it is important to note that the South African FSCA is an offshore regulatory authority generally recognized for its relatively lenient oversight. Therefore, until the platform’s credentials can be fully verified, we consider KGP Markets to carry a high level of risk.

Icapitalmarket’s website provides no regulatory disclosures, only claims that it was registered in USA. We searched the official register of the NFA using all available details, but found no record of Icapitalmarket or any associated company. This absence of basic corporate and regulatory information strongly suggests that Icapitalmarket operates without authorization. Therefore, Icapitalmarket appears to be a scam.

BrokersView found that the domain ” http://www.traderur.com/ ” is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker’s website often points to underlying regulatory or operational issues. Upon investigation, we found that on Apr 14, 2021, the Financial Conduct Authority (FCA) issued a warning against TraderUR, believing this company might be providing financial services or products without proper authorization in the UK. This further indicates that TraderUR appeared to be a scam.

Zynerix’s website provides no regulatory disclosures and fails to list basic corporate information, such as its legal entity name, registered address, jurisdiction of incorporation, or contact details. This lack of transparency makes it impossible to verify whether the platform holds any valid license or operates under legitimate oversight. Platforms with these characteristics are often unregulated or fraudulent, posing significant risks to investor funds. Therefore, Zynerix appears to be a scam.